USDC

CortaCircuit

USDC is basically a CBDC...

alterise

But how is this relevant? If you read the article and watched the demo, you're free to use whatever wallet you want to. In the demo they used Phantom and paid in USDC on solana.

whisper_of_smoke

The best APR currently is 14.5%. Term length 9-12 months. Either 70 LTV, or 50 LTV option. Tether or USDC available.

coinfeeds-bot

tldr; Stripe is reintroducing cryptocurrency payments, initially supporting Circle's USDC stablecoin on the Solana, Ethereum, and Polygon blockchains. This move comes six years after Stripe ceased supporting Bitcoin due to its volatility and inefficiency as a medium of exchange. The reintroduction aims to provide a better user experience with improved transaction speeds and lower costs, reflecting the evolving utility of cryptocurrencies in payments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

HSuke

No surprise. > By 2018, it pulled all of that activity, saying it was too volatile and unstable. “Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being an asset than being a means of exchange,” the company said in its announcement. “**This has led to Bitcoin becoming less useful for payments**.” And as for XMR, it's not suitable for when payments need to be traced. Support for Ethereum is a bit surprising unless they mean Layer 2s. I can't imagine they'd want to pay ERC-20 transfer fees for USDC.

ToastFaceKiller

USDC to the moon 🚀

I_Hate_Reddit_69420

The article only talks about it supporting USDC, so no.

assasinine

2.5B USDC on Solana, most of that is from this year. More real-world use cases will raise all ships. https://usdc.cool/solana

jawni

consensys suing SEC, martin shkreli got scammed by a dude with a BAYC pfp who he met in prison, stripe announced they are launching payment processing for USDC on eth, polygon, and solana, "BlackRock has no commercial relationship with Hedera nor has BlackRock selected Hedera to tokenize any BlackRock funds.", that's about it for today.

SamsungGalaxyPlayer

This is good news. Merchants who otherwise don't care about accepting crypto can easily enable crypto as a checkout option, and the customer can pay from their WalletConnect-compatible self-custody wallet. If the same fees as the demo are offered, then a $100 invoice will cost 100 USDC. Then the merchant will pay a 1% fee while getting instant USD settlement. This is lower than the 2.5-3% fee for accepting credit cards. Everyone is happy. This is good for crypto.

CointestMod

#DeFi Pro-Arguments Below is a DeFi pro-argument written by noxtrifle. > DeFi, or decentralized finance, is a method of transacting without the need for an intermediary, and in many ways replaces the traditional banking systems. Instead, a smart contract at the core of the app manages the whole system. Since it is the code, instead of a central authority, which manages the system, decentralisation is ensured. Thus, there are several benefits of DeFi protocols: > > * **Not subject to the limitations of traditional banking** > * [The only barriers to entrance of DeFi](https://cointelegraph.com/defi-101/defi-a-comprehensive-guide-to-decentralized-finance) are an internet connection and a crypto wallet. With just those two, one can access staking, lending, borrowing, and trading; among many more. > * Furthermore, since DeFi is governed by a smart contract and (generally) has no downtime, users are able to access their DeFi balances around the clock, without waiting for the tedious processes of, for example, waiting for a bank to open, applying for a loan, having a discussion with a loan officer, and being accepted. With DeFi, all this can be done in mere seconds. > * **Much more attractive rates for investors** > * Currently, the yield for staking or lending cryptocurrencies on DeFi is [generally above 3-4%](https://www.ecb.europa.eu\/pub/financial-stability/macroprudential-bulletin/focus/2022/html/ecb.mpbu202207_focus1.en.html), which is higher than the interest rates of most developed countries — making DeFi protocols attractive for investors who want all the benefits of cryptocurrencies along with the security offered by traditional banks. > * Stablecoins such as USDC and USDT have even higher yields (5-6% on average) and offer the same stability as the US Dollar, making DeFi rewards more attractive than most large banks. > * This results in the immediate rewarding of the most generous protocol: as more people become aware of the high yields offered, the protocol grows in size and is able to offer more services. However, such expansion will certainly cause yields to decrease. > * **Numerous use cases** > * **These include:** > * **Traditional transacting:** peer-to-peer transfers of capital are already facilitated by cryptocurrencies, and some projects [like Flexa](https://flexa.network/currencies/) allow for off-chain, in-house transfers at little to no cost. > * **Decentralized exchanges:** Decentralised exchanges, such as dYdX and Pancakeswap, provide the exact functionality of centralised exchanges, except that KYC is not required and a smart contract governs all functionality. > * **Stablecoins:** DeFi protocols give stablecoins new meaning by allowing them to be staked or lent for interest, which has very likely benefitted stablecoin adoption immensely. > * **NFTs, Yield Harvesting, Liquidity Providing, and many more.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_defi) to find submissions for other topics.

purplecowz

This is cool. But since it's USDC, will this have any impact on SOL, MATIC, or ETH coins?

jawni

[Stripe is coming back to crypto offering USDC payment processing on Ethereum, Polygon, and Solana.](https://stripe.com/use-cases/crypto#request-invite)

coinfeeds-bot

tldr; Stripe, a fintech giant, is re-entering the cryptocurrency payment space by allowing customers to accept payments in USDC stablecoins, initially supported on Solana, Ethereum, and Polygon networks. This marks Stripe's first move back into crypto payments since discontinuing Bitcoin support in 2018 due to its instability. The announcement was made by Stripe co-founder John Collison at the company's Connect developer conference in San Francisco. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Sohailk

you didn't pay the processing fee but your merchant did pay (to the tune of 7c for debit cards at 2-3% for credit cards). these costs are ultimately passed down to you through higher pizza costs though. if you paid with USDC on base/solana, you'd be paying less than 1c per txn (and likely even less in the future).

bitusher

> Most in USDC, This is also another big mistake. Keep you money in Bitcoin or fiat like USD . Stablecoins like USDC are not insured and don't have the same protection as real dollars

Lost_C0z

No wallet was in use. My money was just sitting in Coinbase. Most in USDC, smaller amount in Bitcoin. Yes I know not smart for storage, cold storage was literally gonna be transferred to within a few days. That one transaction where I sent Bitcoin to the seller all they did was send me a link to send the specified amount for my purchase, I clicked "send" in Coinbase, went through the prompts and sent the necessary Bitcoin amount. The seller confirmed receipt and then sent me my purchase, nothing unusual far as I could tell. The restriction on my account was about a 2 weeks after that.

CointestMod

#Cosmos Con-Arguments Below is a Cosmos con-argument written by Shippior. > \[Cosmos\](https://www.coingecko.com/en/coins/cosmos-hub) (ATOM) is a Proof-of-Stake (PoS) blockchain. It is the center of the Cosmos networks, including Osmosis, Juno, Secret, Evmos and 50+ other independent L1 chains which are all connected, called Gaia. Something that is not known to many people is that the Binance Chain actually uses the same software as Cosmos and is thus in theory compatible with Gaia. However so far Binance has made the design choice not to enable it as to keep their authority over their BNB chain ATOM uses a Byzantine Fault Tolerance as main consensus in it's \[Tendermint consensus\](https://docs.tendermint.com/v0.34/introduction/what-is-tendermint.html). > > The main strongsuit of Cosmos is the use of \[IBC\](https://ibcprotocol.org/) (Inter-Blockchain Communication). It is a protocol that is integrated in the Tendermint Cosmos SDK that is used to trustlessly communicate between chains. This allows new chains using this SDK to quickly integrate into the entire network and make use of all the capabilities of the other chains. Bridges between different networks have shown to be a weak point in architecture with the \[Nomad hack\](https://halborn.com/the-nomad-bridge-hack-a-deeper-dive/) and the \[Wormhole bridge hack\](https://blog.chainalysis.com/reports/wormhole-hack-february-2022/) as recent examples. Therefore relying on IBC, which essentially are many bridges is a risk. So far it has been closely monitored. Many IBC connections to LUNC where disabled quickly after the crash to limit the number of funds siphoned from the other networks but serious TVL has been lost through the LUNC crash, NOMAD bridge exploit and Crypto.com crash from the Cosmos networks. The network effect does not only share the good things but unfortunately also the bad events. In October it was even reported that a critical issue in the IBC was found after a \[security audit\](https://cointelegraph.com/news/cosmos-co-founder-says-a-major-security-vulnerability-has-been-uncovered-on-ibc). It was quickly patched but one remains to wonder what happens is a critical exploit in IBC is not caught on time. > > Currently Cosmos has no native stablecoins in the network after the Luna crash took UST with it. The main dominance of stablecoins is from USDC through the Axelar bridge. Therefore the dependence on this Axelar bridge is very large. This has led to the call to have a native stablecoin in the Cosmos network. USDC is said to bring a native USDC version to Cosmos in the beginning of 2023. In the man time there have been popping up stablecoins left and right, most of them algorithmic backed. Examples are \[IST\](https://01node.com/ist-the-new-cosmos-stablecoin-built-on-agoric/), \[CMST\](https://blog.comdex.one/introducing-composite-a-collateralized-stablecoin-for-ibc-bc76e15fa2ec) and \[SILK\](https://scrt.network/blog/shade-protocol-silk-privacy-preserving-stablecoin). However the introduction of this many stablecoins have led to fighting over which one is best and has spread the liquidity of these stablecoins thin which make them vulnerable for depegging. > > Governance is an important part of Cosmos, it tries to enable self-governance and sovereignty. Though with the full Governance abilities that Cosmos brings it also brings a lot of infighting. In the Stargate Upgrade the Gravity Dex was envisioned. This was supposed to be the DEX for ATOM. However it was seen by the community as a sponsored DEX from the community pool that was to compete with the already existing DEXs in the Cosmos Hub like Osmosis and Sifchain. This led to the failure of Gravity Dex, which subsequently rebranded as \[Crescent Network\](https://app.crescent.network/). It currently sits at about $7mill Total volume locked (TVL) compared to $150mill TVL on \[Osmosis\](https://info.osmosis.zone/), the most popular DEX in the Cosmos ecosystem. > > Later on there was a lot of discussion around \[proposal #82\](https://www.mintscan.io/cosmos/proposals/82). As the previous roadmap had ended it was time to come to a new roadmap. ATOM 2.0 was the proposal that was pitched during the \[Cosmoverse\](https://cosmoverse.org/), the annual Cosmos conferential. The proposal included new tokenomics for ATOM that would increase the inflation on the short term to decrease it further more in the long term. Jae Kwon, one of the founders of Cosmos, called the proposal \[outright theft\](https://www.coindesk.com/tech/2022/11/11/cosmos-founder-jae-kwon-says-he-is-against-proposed-changes-to-atom-token/) from the community. > > However this leaves ATOM still without much value. Currently the main value ATOM provides is a store of value and it is often used as a criteria for receiving airdrops from newly launched chains but it has been passed left and right by chains that offer more utility than ATOM has. As long as there is no consensus about the new roadmap it is going to be difficult to add value to holding ATOM. Looking at it closely shows that it has little to offer that competitors like Ethereum, Polkadot and Avalanche do not also offer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

R4ID

according to the projects website https://www.welikethefox.io/ Its on OKX, Bybit, Kucoin, Gate.io, Lynex.fi & OKXDEX. so if you have an account at one of those exchanges, just deposit it, sell for ETh/USDC (whatever you want) and withdraw to your own wallet. Or go to one of the DEX's and swap it (you may need to bridge)

Somebody__Online

The move is to focus on the blue chips. What I do is farm lp rewards from stable coin and blue chip liquidity then use the rewards to buy more high risk tokens. Right now there’s massive yield for even stable coin. I pull over 50% apr on stable coin and over 150% apr on ETH/USDC Using that to stay exposed to ETH while using the lp rewards to buy meme nonsense and play the market for fun.

ThatChrisGuy7

I sell everything into USDC

WorkingLime

I am sure the government won't use USDT or USDC, if they do they deserve a freeze haha

deviantgoober

Aid is one thing... attempting to circumvent sanctions is another beast. I never said they couldnt send USDC/USDT, that was never a question. Circle would be forced to blacklist those circumventions by freezing any related addresses like they would for North Korea.

mcmull11

Yea I hate the spread. 1 USDC should be worth $1. That’s my biggest complaint

KateR_H0l1day

ONLY IF YOU BUY/SELL ON THE APP! I mentioned the ecosystem, most people have access to the Exchange or DeFi and there’s not a high spread there. For me at least, I can buy USDC at 1:1, send to DeFi and buy many coins without the spread your rightly talking about. I’m not saying every coin is available either, but there are options to avoid the spread, of course there are fees for sending backwards & forwards, but for me they’ve never been much (noting I’ve never had ETH). Same in reverse, sell on DeFi to USDC and send back to App to convert USDC to US$ at 1:1 Once in your Fiat Wallet, send to bank account.

anaxaos

It's the highest spread i ever saw. Checked a few days ago for a friend and getting 500 USDC for 510 USDT, is an MASSIVE spread. But i use CDC for the debit card only anyway. It's fine, since topping up with FIAT is without fee. Everything else is high fee

advet74

There's no conversion fee from X coin to USDC. I always check the details at the bottom. Should I be looking at something else?

na3than

> convert them to USDC and then I convert from USDC to BTC in order to avoid paying the fees that I would have to pay if I directly converted the memecoin to BTC. So you prefer paying two conversion fees and eating the spread twice instead of paying one conversion fee and eating the spread once? That's not as shrewd as you seem to think it is.

Daktic

The purpose of stable coins is to stay crypto native. It’s easier to convert USDC to ETH (or whatever) than to onboard and off board into crypto each time you want to make a trade.

basedregards

I work in the industry and run my own business and I always get paid in USDC or USDT. Occasionally I’ll get paid in ETH but it’s a major pain in the ass - because it isnt a stable coin and makes taxes annoying - and usually the small clients do that for one or two jobs. I’ve been doing this for half a decade, lol.

c0mbucha

> We do have somewhere between 1-2 Million BTC still technically available for potential selling on Exchanges, taking those into consideration is much more complex. Waa thats $132bn! Of course there might be an equal number of USDT/USDC floating around ready to buy. And of course anyone can even just redeem a private bitcoin key from like 8 years ago and sell within like 3 minutes lol

felidae_tsk

Could be good idea for stablecoins, terrible for everything else. Also heavily depends on average bill. You will need €1-€20 to spend/aggregate USDT/USDC depending on the network. You will have to estimate volatility for anything else as you don't want sell goods for 1000 EUR and have only 200 EUR in cash tomorrow. We have 20-25% price markup during high volatility periods like now. Dust is other problem, transactions below some amount will cost you more than their amount.

monsieur_feu

That’s the oldest scam in the book…how do you not know that opening a link and signing the contract on one of those airdropped NFTs claiming to reward you with ‘x,xxx’ amount of USDC or whatever was a scam? Like you have that much ETH and you’re oblivious to keeping your funds safe…on a cold wallet too nonetheless.

deviantgoober

How in the hell is that going to help them? Dont both Circle and Tether have the ability to freeze USDC/USDT funds on any address?

FlappyEmu

So basically always make sure to swap USDT for USDC once I have completed a trx

Fly-Ry

$50/bi-weekly with CoinBase direct deposit into USDC. once it hits I set a buy at the last 24 hour low limit. Currently up 105%.

Fly-Ry

DCA is the way. Great first step. Small recommendation If you are using CoinBase and direct depositing the $10. Fees are high and the spread is worse. Deposit into USDC or cash then go place the advanced limit trades yourself.

CointestMod

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

MIP_PL

Tokenized gold is the equivalent of "not your keys not your bitcoin". Who is in charge of storing the physical gold? How do you know they don´t tokenize more gold than the on in reserves? Can the token be censored like USDT/USDC does? Tokenized gold makes zero sense.

xyridfosterlingu9

Told you guys here about the Nuklai giveaway but you guys called me out, well, someone just won 1 BTC for predicting the bitcoin price at halving. It's not too late though you can still earn USDC by predicting on Nuklai.

RonnieVJr2

Or you can just leave as AVAX and send the AVAX to your Coinbase wallet, if you are Coinbase One member, can convert the Avax to USDC for no fees, and then to USD as well.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by a deleted user. > **Tether Cons** > > **Dodgy Reserves** > > Initially, Tether asserted that each USDT was backed by a dollar in its reserves. But the truth is more nuanced, Tether is supported by a variety of: > > * Other Investments (Including Digital Tokens): 8.36% > > * Secured Loans(None To Affiliated Entities): 6.77% > > * Corporate Bonds, Funds & Precious Metals: 5.25% > > * Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper: 79.62% > > Of the 79% cash and cash equivalents, only 10.25% is held in cash. Also to be emphasized is the lack of an independent audit of the specific breakdown of Tether's reserves. > > **Regulatory Issues** > > The Paradise Papers dump in 2017 revealed that Bitfinex and Tether are both controlled by the same individuals. The Bitfinex trading platform's owners, who also manage the tether virtual currency, have participated in a cover-up to conceal the apparent loss of $850 million dollars, according to the investigation conducted by the New York state Attorney General. Later, Tether's attorney acknowledged that only 74% of the Tether is backed. Tether is forbidden from conducting business in New York under the terms of the settlement agreement. Despite paying a $18 million punishment, Bitfinex and Tether did not confess any wrongdoing. > > **Competitors** > > * USDC: Circle and Coinbase launched USDC in 2018, and it is tied 1:1 to the US dollar. Issuers are also required to back all tokens with fiat reserves and provide monthly proof of reserves in order to guarantee that USDC maintains a continual one-to-one backing. > > * BUSD: BUSD is a stablecoin backed by USD that is 1:1 secure, compliant, and supported by Binance. It was created by Paxos and has NYDFS approval. To preserve the stability and security of the stablecoin, Paxos hires an auditing company to examine its BUSD and US Dollar supply each month. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

DubzDubington

Tether and all dollar coins of significance are owned by the same bankers behind private central banks in every country. All of the players in the crypto-sphere who wouldn’t allow “them” control or thought they actually had power because of their crypto balance were unalived. The banking cartel needs control of these e-money Brrrrrrprinters because it’s how they hide and prevent the actual world inflation from catching up to the industrialized democratic global infrastructure and societal order. They need Tether and USDC and whatever other ones on top of being MASSIVE WHALES IN BTC, ETH & Alt Coins. They print so much fucking money that they are running out of places to “hide it”. Government spending, foreign aid, lobbying groups, banks, NYSE, FOREX, Crypto, Housing, Automobiles, Precious Metals & the companies that mine them, oil and their industry whales, mitigation technologies which convert bi-product chemicals/gases/waste burn-off into electricity, energy & power. These rulers of the rigged game need to always be in control of the “narrative” and propaganda that keeps us divided, dumb and materialistically driven, intellectually lazy: greedy CONSUMERS & dopamine chasers! Tether is a rabbit hole that leads to a macro-picture of this world that isn’t just awful, it’s one you’ll wish you could “unsee”. Crypto, Drones, Robotics, A.I., Advanced Black Box Technology & so on are Sci-Fi coming to life and Sci-Fi is what made us allow them to lead us down this path of “progress” which is ABSOLUTE & TOTAL ENSLAVEMENT of the masses by the infinitely tiny minority (0.001%) of humanity which belong to the ancient families of old - via means of total domination through technological and electrical/all energy through an infrastructure we allow and take part in building. The road to hell is built by the 99% - wage slaves of the earth and the smartest and most ambitious fruitful minds who don’t have a clue they’re state of mind control from being raised on Exciting Sci-Fi and The Education System of smart-slave indoctrination. The thing we don’t understand is Time: how far ahead the enemy plans and how long ago they started this endeavor with the assistance of the agents of the original rebellion. If you were told everything you’ve ever been taught about History and reality and this world is a total Lie designed to act as a piece of a bigger Lie to make-up the entirety of reality/history/knowledge/science/academic hive mind vanity & ultimately THE GREAT DECEPTION 👌 The slave who thinks they are free is the greatest slave to own. They are enslaved in their minds which is the smallest container to control someone in on earth. It also is the least likely for the slave to escape: years and years of influence during the most prime years of human learning capacity and macro-ideological conceptualization and the slaves ability to think for themselves - they don’t even know how.

Squezeplay

When does what occur? Printing/minting? I happens when arbitragers deposit dollars in exchange like USDC and other stablecoins. They outline their reserves on their website: [https://tether.to/en/transparency/?tab=reports](https://tether.to/en/transparency/?tab=reports) But don't use or hold tether lol its an awful product because even if they're not lying you get 0% interest. Dollars have a risk free rate of around 5.3% which is paid by money printing, so whenever you use stablecoins, or even banks whatever interest you get under that is actually a negative rate in effect. You are basically paying tether >5% a year.

Squezeplay

Its really just because stablecoins pay 0% interest so tether takes the full spread. Due to poor security regulations in the US stablecoin issuers can't just simply compete to offer higher rates (like how interest is given to liquid staking tokens) because going from 0 to >0 arbitrary makes it a security. Otherwise every stablecoin would have to compete and there wouldn't be nearly as much profit for the issuers. US banking regulations have also really stiffed competition by limiting stablecoin access to banks which favors overseas, opaque institutions like tether. Instead of allowing USDC for example to have a fed account to keep risk free reserves, they were revealed as the biggest depositor to SVB when it failed, which was the inflection point for tether's market domination. Tether's success is largely just a result of horrible US regulations maintaining a monopoly for them.

xero2709

All the power to you if you can. But over my time, I have been terrible at picking good times. I think I'm too emotionally invested in BTC, I'm in a constant state of FOMO, even in bear markets. Personally I'm happy reserving USDC for the big dips and black swan events.

lookuplookdown

Exchanging Bitcoin for USDT or USDC is a taxable event in the US.

tika_dengu

420m USDC transferred to CB institutional. Most likely X buying Doge for their payment system.

Adrenaline_Coin

Yeah. I hear that. As long as you stake when cro is low. And convert to USDC along the way with 10% contracts. It pays well. That’s the benifits of the white that CDC doesn’t advertise. 10% on cash. No brainer. Good luck

mcmull11

I put it into USDC earn weekly @ 11.25%. Working out pretty well so far.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by a deleted user. > **Tether Cons** > > **Dodgy Reserves** > > Initially, Tether asserted that each USDT was backed by a dollar in its reserves. But the truth is more nuanced, Tether is supported by a variety of: > > * Other Investments (Including Digital Tokens): 8.36% > > * Secured Loans(None To Affiliated Entities): 6.77% > > * Corporate Bonds, Funds & Precious Metals: 5.25% > > * Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper: 79.62% > > Of the 79% cash and cash equivalents, only 10.25% is held in cash. Also to be emphasized is the lack of an independent audit of the specific breakdown of Tether's reserves. > > **Regulatory Issues** > > The Paradise Papers dump in 2017 revealed that Bitfinex and Tether are both controlled by the same individuals. The Bitfinex trading platform's owners, who also manage the tether virtual currency, have participated in a cover-up to conceal the apparent loss of $850 million dollars, according to the investigation conducted by the New York state Attorney General. Later, Tether's attorney acknowledged that only 74% of the Tether is backed. Tether is forbidden from conducting business in New York under the terms of the settlement agreement. Despite paying a $18 million punishment, Bitfinex and Tether did not confess any wrongdoing. > > **Competitors** > > * USDC: Circle and Coinbase launched USDC in 2018, and it is tied 1:1 to the US dollar. Issuers are also required to back all tokens with fiat reserves and provide monthly proof of reserves in order to guarantee that USDC maintains a continual one-to-one backing. > > * BUSD: BUSD is a stablecoin backed by USD that is 1:1 secure, compliant, and supported by Binance. It was created by Paxos and has NYDFS approval. To preserve the stability and security of the stablecoin, Paxos hires an auditing company to examine its BUSD and US Dollar supply each month. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by Nostalg33k. > # Tether, criticized but stable. > > ​ > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > ​ > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > ​ > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > ​ > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > ​ > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Somebody__Online

Use coinbase or Gemini. They are headquartered in the USA and as a USA citizen you have legal resource to use if something goes wrong If you’re not in the USA use an exchange in your own country so you keep in the same legal jurisdiction. I use Gemini and only buy ETH and USDC there. Then I withdraw to my wallet and just use the decentralized exchanges like uniswap to trade into other tokens

FlappyEmu

Why don’t more exchanges use USDC instead of USDT then if tether is so sus

frozengrandmatetris

makerdao originally tried to back DAI with ETH and maintain a 1 USD peg, but they couldn't get it to work right and started allowing other forms of collateral, which eventually got mostly taken over by USDC. if liquity somehow figured out how to make single collateral DAI work, good for them, but I have doubts that it is safe, and they are also going to get targeted by the proposed legislation.

aminok

Copy-pasting a comment I just posted in r/CryptoCurrency: What actually motivated me to write this was my many years of advocacy for Bitcoin. Ethereum is everything we evangelists used to dream of Bitcoin one day being. As for your claim that Ethereum is no longer innovating: this seems a bizarre thing for me to believe. Ethereum recently implemented EIP-4844, which has brought average transaction fees on layer 2 to below $0.01! These are transactions that are fully validated on and secured by Ethereum Mainnet, so the significance of this cannot be overstated. The development happening on Ethereum is so rapid that it can't be kept up with. Coinbase, OKX and Bybit now have Ethereum Layer 2s: Base, Layer X and Mantle, respectively, and Kraken is following suit. Just in the last week: * Worldcoin, which is led by OpenAI CEO Sam Altman, revealed World Chain, a new Ethereum L2 blockchain tailored for human users, prioritizing verified individuals over bots with gas allowances and priority blockspace. Slated to launch later this summer. More details [here](https://twitter.com/worldcoin/status/1780611997396095157). * ZKP2P now supports peer-to-peer swaps of USDC for US dollars, Indian Rupees, and Turkish Lira, fully enforced with cryptography and the Ethereum blockchain on L2 Base. This innovation enables fiat on-ramping without centralized intermediaries. More details [here](https://zkp2p.xyz/). * EigenLayer announces the launch of EigenDA on Mainnet, providing a scalable, secure, and decentralized data availability solution for Ethereum rollups. Full details [here](https://x.com/eigenlayer/status/1777757913718899074).

Chaoslava

Could anyone tip me but one moon, I have some USDC stuck because I didn't understand swapping and now I can't get gas. I've earned moons, but can't swap bricks for moons to get some gas, it's just stuck :(

afraidtobecrate

You have it backwards. It goes up when USDC depegs.

frozengrandmatetris

there are some good ones, especially the ones that are not designed to be pegged to government currencies. a lot of potential is there. >the crypto asset will maintain a stable value relative to the value of a fixed amount of United States dollars it is unclear to me if this applies only to tokens such as DAI or MAI, which are specifically intended to be worth 1 USD. that is a fixed amount of US dollars. there is a chance that the language of the bill will spare other projects such as reflexer RAI, because this project is not designed or marketed in this way. RAI is not intended to be stable relative to the value of a fixed amount of dollars nor is it shown to perform this well, it is just intended to have low volatility relative to any government currency. I am not going to cry over tokens like DAI or MAI getting excluded from government sanctioned payment gateways and centralized exchanges. I have always believed that tokens like this will have some degree of centralization creeping in if they are always trying to keep a peg to a specific government currency. at one point DAI was basically a proxy for USDC given how much USDC was being used to collateralize it, and if that is still the case I would rather use USDC instead of DAI, but RAI will have my highest preference.

himtnboy

I do the exact same thing with CB and USDC. 5.1% on the USDC as well. Why wouldn't I? Now, my Coinbase debit card is all I use, until I find a better deal.

Iksf

ok lets peg it to USDC then

lorimer44

The reason you are unable to swap your Wormhole (Portal) wrapped Ethereum for other tokens is because you don't have any $SOL in your Solana wallet to pay the gas fees. Here is what you do. First, you'll need to get some $SOL in the wallet. You can do this buy sending it from a centralized exchange like Coinbase or Binance, or, if you have tokens on a chain other than Solana, you can use a cross-chain bridge like deBridge. deBridge will allow you to bridge the tokens to Solana and swap them for SOL in a single transaction deBridge link: [https://app.debridge.finance/r/8122](https://app.debridge.finance/r/8122) Once you have some $SOL in your Solana wallet for gas fees, you should be able to swap your Wormhole (Portal) wrapped Ethereum for Solana or USDC using Jupiter Exchange. Please let me know if that works.

internetisbad23

Converted my BCH to USDC when BCH was in $700 range. Got a new iPhone 15pro.

ZekeTarsim

Sold my 1 full eth and sold 50% of my BTC. I am expecting some devastation in crypto over the next couple months and want to have USDC ready to buy alts at dirt cheap prices. I think SOL is going to dip to $90 for example and I want to be ready to buy. I used to be a BTC holder, but I’ve given up my dream of being a full coiner now I’m just trying o see if I can turn a profit with alts. I never liked ETH I think it’s a shit coin.

coinfeeds-bot

tldr; Binance is set to return to India despite a $2 billion penalty. The cryptocurrency exchange will re-establish itself as an entity registered with India's Financial Intelligence Unit, complying with local regulations including the Prevention of Money Laundering Act and VDA taxation framework. This move comes after a previous ban due to non-compliance with regulatory policies. Additionally, Binance announced the conversion of its Secure Asset Fund for Users (SAFU) into USDC to enhance reliability and stability. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Little_Red_Rooster_1

I have started using the Coinbase Credit Card which pulls directly from your wallet. You can specify which crypto to spend when you use the credit card and you make 5.5% reward on all your purchases. So if you keep some funds as USDC or USDT you can specify to use those first. Funds stored as USDC also earn 5.5% interest. If you specify Bitcoin it will automatically convert it for you to use just like it's USD.

Historical_Minimum71

That’s how all the exchanges work. You are definitely not using USDC to pay for anything my friend. They’re just deducting that amount of USDC from your balance and using Fiat for the transactions. It goes like this: You give coinbase $1000 and ‘purchase’ USDC. Your coinbase account shows $1000 of available USDC You then use your coinbase Visa card to purchase $200 worth of groceries. Swipe the card and $200 gets transfered from a bank account that coinbase owns to the grocery store so the transaction goes through. Coinbase subtracts $200 of USDC from your balance shows you have $800 in USDC remaining No blockchain used at all. You’re using a prepaid Visa card. It’s a bank with extra steps and zero customer protection

Historical_Minimum71

That’s how all the exchanges work. You are definitely not using USDC to pay for anything my friend. They’re just deducting that amount of USDC from your balance and using Fiat for the transactions. It goes like this: You give coinbase $1000 and ‘purchase’ USDC. Your coinbase account shows $1000 of available USDC You then use your coinbase Visa card to purchase $200 worth of groceries. Swipe the card and $200 gets transfered from a bank account that coinbase owns to the grocery store so the transaction goes through. Coinbase subtracts $200 of USDC from your balance shows you have $800 in USDC remaining No blockchain used at all. You’re using a prepaid Visa card. It’s a bank with extra steps and zero customer protection

GoodSamoSamo

This is incorrect. By design, DDOS needs to cover the physical links of 1/3+ stake weighted nodes for the network to stop confirming blocks. Targeting a single leader would only delay that leader. Your claim is wrong. Also, don't really care about Cardano. It's very clear that the market is starting to see ADA going nowhere anytime soon. ADA has been around for 8 YEARS and has nothing to show for it. 1 TPS, relatively weak TVL, virtually no DeFi activity, no NFT presence, terrible DEX volume, virtually no stablecoins (not even USDT or USDC), no institutional interest (Grayscale just removed them from their institutional product list and Coinshare Fund Flows show virtually no interest in ADA ETP products), no serious investors or influencers in crypto support it or care about it, etc. It's (incorrectly) taking an "academic" approach instead of the standard technology approach of "ship and iterate." The list goes on and on. Cardano is a garbage chain that is run by a sociopath and has a VC arm that is in charge of making ecosystem investments to attract builders - which it has failed at horribly.

kakkesugi

Hmm maybe. I immediately transfer whatever I buy on Coinbase to my cold wallet. They gave me the credit for my transfer to buy whatever I want but I have 0 USDC for my debit card and I can’t transfer off Coinbase for another 4 days. Supper annoying lol.

Ok-Grapefruit1284

The trades are what get me. I can track “bought btc with bank account” all day. But, how do I track, “bought USDT with bank account, bought 1000 of a coin, sold 250 of that coin for other coin, profited 300% on that coin, sold 50 coins of that for 500 coins of this, transferred 20% profit to USDC, bought BTC.” 🤷‍♀️

The_best_1234

I wouldn't be surprised if they disable Bitcoin like they did with USDC when it got unpegged.

LandinHardcastle

My US company accepts only USDC. The US tax hassle of accepting cryptos is too much work, and it’s a small ask for the crypto user to convert into USDC. With L2s the fees are a few cents.

Squezeplay

Its not a belief though if USDC is <$1, I can buy it, redeem it, and profit. Or if USDC is >$1, I can mint it, sell it, and profit. The ability to redeem provides a direct utility beyond resale value, the mint actually provides inverse value, and these value scales with the deviation from the peg, so that the market value of USDC is dominated by the mint/redeem utility, not trust or belief. If the redemption stopped, USDC would depeg very quickly. You theoretically could have a stablecoin whose market value was purely maintained by trust, but no stablecoin actually works like this, the pegs are constantly being used. >Real Estate, backed by a belief that the pegged real estate properties will retain it's value and the gov issued deeds will remain valid and enforceable. Kind of different because a deed is just a way of recording ownership, so the control of the deed/RE are never separated. There is no instance where I have the deed, but am not in control of the real estate, so even if the law changed and the deed was meaningless, I would still have control of the real estate and it would just be a matter of the new law recognizing that or taking it from me by force. >Another key aspect that differentiate the like of Bitcoin with Gov backed currencies such USD is the level of supply and control. We can argue that due to deflationary nature of Bitcoin it's incomparable Agree, but this is relating to supply/demand, its what determined the current market price. This is separate from any sort of backing which would be a backup value like direct utility outside of just secondary sale, independent of supply or demand.

Fajarsis

Correct, if it's a 'fall back value' or pegged, then for crypto there's Stablecoin and RWA type of coins which are pegged to another type of asset. Such as another cyrpto currencies (Wrapped Token), Fiat currencies, Silver, Gold, Financial Securities or Real Estate. Those pegged asset is then backed by a type of 'belief' or 'assumption'. Such as USDC, backed by a belief that the pegged USD really exist and will retain it's value, Real Estate, backed by a belief that the pegged real estate properties will retain it's value and the gov issued deeds will remain valid and enforceable. When let's say there's a revolution or natural disasters and the pegged property become undesirable (ie: sea level rising and the property fall under sea water), those belief will become invalidated. Another key aspect that differentiate the like of Bitcoin with Gov backed currencies such USD is the level of supply and control. We can argue that due to deflationary nature of Bitcoin it's incomparable, thus Bitcoin should be compared with the like of Quetzal feather, wherein the supply is not controlled by a centralized military / political entity, it's limited supply in nature (the more being gathered the closer the Quetzal bird will meet it's extinction) and both are "backed" by a belief that it's desirable and valuable by the masses. As of todate; the mass belief on the value of Quetzal feather does not exist but it did once.

JLivermore1929

So, in other words, CB is misrepresenting (lying) that my money is in stable coin. On the app, there are 2 balances, one is USD and the other is USDC. The money is deducted from USDC. CB is not well regulated, so it wouldn’t surprise me that it is not in a crypto asset.

Blooberino

I could be wrong, but I think the limitation has to do with having enough crypto in your total account to cover the USDC purchases. So if you're waiting for $100 to clear, and you have more than that in, say, bitcoin, then you can spend immediately. I think it's a matter of coinbase having enough collateral to cover a potential denial.

btcangl

> Im farming USDA/USDC for about 90% Apr. that’s still like $20 a day on $10,000 That with staking the aerodrome pair on beefy or somewhere else? Because aerodrome says its 45% right now Is it actually known the aerodrome founders are linked to base/ethereum devs? Also lets say we actually get more red now and no supercycle for now in crypto, would the aero apy not drop by a ton? I mean I know the risk still is moderate (or maybe even low) since its stablecoin pairs, but would your whole strategy actually keep working that well in bear markets, if for example the aerodrome token dropped by 70%, 80%, 90%? And then you would have to stick to "normal" ~ 20% apy until the next bull?

Blooberino

I've never experienced what you're describing. I've made purchases immediately after buying USDC directly.

Historical_Minimum71

Your coinbase card is just a prepaid fiat card that’s directly tied to bank account that coinbase owns. The only reason the card works is because there is money in a bank account that coinbase owns. USDC, blockchain, and crypto is not being used for anything in this transaction. You swipe your card, money gets sent from Coinbase’s’ fiat account to the merchant. Transaction finalized. Then coinbase deducts the amount of USDC available to you on your balance in the app. At NO point is blockchain, or crypto, even used in the transaction. Just fiat with extra steps. And an SQL server to keep track of your balance. No blockchain. No crypto.

kakkesugi

Didn’t think much of it at the time but for Coinbase users, never buy USDC directly. Always buy cash then convert to USDC. This 7 day hold is maddening! Especially since I mainly use my Coinbase card for purchases

DebianDog

Dude no! The CC collective has decided that they do not like Cardano. Mostly because the chain does not spit out 2000 new meme coins or Monkey NFTs a day it's apparently a "ghost chain" I personally have a bag of it because I find out the easiest to use, it has voting which makes it awesome for things like DAOs , you can do multiple actions in one transaction. I mean I get it. The slow development, lack of a lot of tokens that are easily bridged, no real USDC/Tether. "of course" midnight is taking forever, but I'm in for the long-haul.

Somebody__Online

It’s completely absurd what these dexes are paying. Right now USDA/USDC on aerodrome is paying over 85% Apr and that’s just stable coins. 10k of the 45k on base is there. 20k in the OVN/USD+ poop at 480% Apr 6k in ETH/cbcETH with a loan against cbcETH to leverage the farm up to 77% 6k in OVN/AERO at 360% And 3k in tBTC/T at 290%

Somebody__Online

Agreed there is ways to maximize your profits if you ape into the right token but right now you can still get AERO from farming just stable coins for example. Im farming USDA/USDC for about 90% Apr. that’s still like $20 a day on $10,000 The $10,000 is not exposed to the price moves in crypto at all and I am earning AERO which I can just sit on or sell or whatever. There’s easy ways to get into AERO exposure without buying it and I prefer the risk profile of those sort of farms. My OVN/USD+ pool went from $500 to $6000 in value from the auto compounding on beefy

eastvan-604

For what? I don't think it's possible to do transactions with these local pawnshops around me. I could buy the whole store lol 😆 On the real, though, I don't think any of these pawnshops around me would be into doing transactions involving BTC. To be specific, for this particular transaction, I want to liquidate few of my Bitcoins for fiat ( USD OR EUR - 50% of it ), 25% of it for USDC and the remaining 25% of it in precious metal more specifically in gold bars ( 10 TROY OUNCES BARS ).

Quartertipsy

Fomo'ed my 10% liquidity I made in USDC into eth and a couple of alts. Back to 0 fiat.

imaginecomplex

I have a USDC debit card from Coinbase, but I haven't actually used it at all since I prefer the 5% yield I get from the funds

JLivermore1929

USDC stable coins. Used them to buy Subway and shoes on Zappos.

Charming_Sheepherder

no you go airdrop farming on your pc with a wallet such as metamask and go crazy looking for free crypto airdrops. Places like twitter or other random websites. Also its very common to get spam NFT's in your wallet advertising to go to a website and claim your free USDC or airdrop. And when you go And sign in with your wallet you've signed your doom. It could drain you right then or sit and wait. windows is just a weak operating system were a keylogger or other malware from malicious site could easily be installed.

jpitty

Doing the same thing. Before this year, I was DCAing into SOL. Stopped and just been DCAing into USDC. Used about 30% of my USDC holding to buy this dip. If it goes down further, I'll keep buying. Usually buy after every 10-15% dip.

eastvan-604

This is fairly random, but twice I've liquidated bitcoins at all time high for some USDC and gold bars. Those 10 troy OUNCES once. I did it doing OTC TRADES FOR THIS COMPANY IN CANADA.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > &#x200B; > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > &#x200B; > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

JLivermore1929

All of those you mentioned. I have a Coinbase debit card that is USDC. I can pay any retailer with this card and it automatically trades the USDC into USD without transaction fees. I earn Bitcoin rewards. USDC is a stable coin. The crypto acct pays 5.10% apy. For a checking acct that is high. Most high yield for banks are savings accts. The only problem is that USDC stable coin could collapse or Coinbase could steal the money. That’s why the acct is sub $1000. And, it is stored directly on the Coinbase exchange vs cold storage.

Joricano

I mean you don’t pay with stocks when you buy at the store. USDC, USDT is crypto and is like cash. I accept that as payment

Perryl-

Yeah but they said they're going to give us the value at the time in USDC or something like that.

pantufa71

In my opinion the time to do that already passed. You had to think about loans when no one wanted Bitcoin. You can use DEFI to make loans with your Bitcoin was a colateral. Lend BTC borrow USDC and buy more BTC but be careful and DYOR.

Somebody__Online

Stick to uniswap and curve and other dex projects with over 100 million in liquidity and even then stick mostly to ETH and USDC

Somebody__Online

I do make 5k a month. That’s the goal and I hit it every month and often exceed it. 25% Apr on stable coins over on curve, uniswap on arbitrum is paying that for DAI/USDC through Merkl farms, airodrom on base chain has a few stable coin pools over 60% Apr that I like. sFRAX just launched on base and that’s paying out the nose this past week. Those are just the stable coin ones im in. But the average is about 40% Apr this past month. It’s a lot of money for low exposure to the crypto markets volatility